Nordea Investment Management AB Makes New Investment in Visteon Co. (NASDAQ:VC)

Nordea Investment Management AB acquired a new stake in Visteon Co. (NASDAQ:VC) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 85,894 shares of the company’s stock, valued at approximately $7,730,000.

A number of other hedge funds and other institutional investors have also modified their holdings of VC. Acadian Asset Management LLC acquired a new position in Visteon during the second quarter worth $89,000. Wedbush Securities Inc. acquired a new position in shares of Visteon during the 2nd quarter worth about $338,000. Texas Permanent School Fund Corp raised its holdings in shares of Visteon by 2.8% in the 2nd quarter. Texas Permanent School Fund Corp now owns 25,018 shares of the company’s stock valued at $2,669,000 after purchasing an additional 678 shares during the period. American Century Companies Inc. lifted its stake in Visteon by 1,459.9% in the 2nd quarter. American Century Companies Inc. now owns 523,521 shares of the company’s stock valued at $55,860,000 after purchasing an additional 489,959 shares during the last quarter. Finally, Cornercap Investment Counsel Inc. grew its holdings in Visteon by 11.9% during the second quarter. Cornercap Investment Counsel Inc. now owns 9,931 shares of the company’s stock worth $1,060,000 after purchasing an additional 1,058 shares during the period. Institutional investors and hedge funds own 99.71% of the company’s stock.

Visteon Stock Performance

VC opened at $84.92 on Friday. The company has a current ratio of 1.82, a quick ratio of 1.47 and a debt-to-equity ratio of 0.24. The company’s fifty day moving average price is $90.58 and its two-hundred day moving average price is $96.42. The company has a market cap of $2.35 billion, a price-to-earnings ratio of 4.61, a PEG ratio of 0.44 and a beta of 1.45. Visteon Co. has a 1-year low of $83.53 and a 1-year high of $123.73.

Visteon (NASDAQ:VC) last issued its quarterly earnings data on Thursday, October 24th. The company reported $2.26 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.37. The firm had revenue of $980.00 million during the quarter, compared to analyst estimates of $965.60 million. Visteon had a return on equity of 46.19% and a net margin of 13.22%. The company’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same period in the previous year, the company posted $2.35 EPS. On average, analysts expect that Visteon Co. will post 8.2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on VC. StockNews.com lowered shares of Visteon from a “buy” rating to a “hold” rating in a research note on Sunday, November 3rd. Barclays reduced their price objective on shares of Visteon from $145.00 to $140.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 15th. Royal Bank of Canada lowered their price objective on shares of Visteon from $129.00 to $124.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. The Goldman Sachs Group decreased their price objective on Visteon from $130.00 to $117.00 and set a “buy” rating for the company in a report on Tuesday, October 1st. Finally, Wells Fargo & Company dropped their target price on shares of Visteon from $122.00 to $119.00 and set an “overweight” rating on the stock in a report on Monday, December 16th. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $127.15.

Visteon Company Profile

Visteon Corporation, an automotive technology company, designs, manufactures, and sells automotive electronics and connected car solutions for vehicle manufacturers worldwide. The company provides instrument clusters, including analog gauge clusters for 2-D and 3-D display-based devices; information displays that integrate a range of user interface technologies and graphics management capabilities, such as active privacy, TrueColor enhancement, local dimming, cameras, optics, haptic feedback, and light effects; and infotainment and connected car solutions, including scalable Android infotainment for seamless connectivity, as well as onboard artificial intelligence-based voice assistants with natural language understanding.